Section 520 — Corporation Tax Act 2010: “UK property rental business” of non-UK companies

“UK property rental business” of non-UK companies 520 1 In this Part references to “ UK property rental business ”, in relation to a non-UK company, are to the company's property rental business in the United Kingdom.

2 Subsection (3) applies if—

a a non-UK company which is a member of a group UK REIT has UK property rental business, and b the profits of that business would be chargeable to income tax under Chapter 3 of Part 3 of ITTOIA 2005.

3 Profits of the UK property rental business—

a are to be treated for the purposes of this Part as if they were (subject to the application of this Part) chargeable to corporation tax, and b are not to be charged to income tax.